High levels in the futures market and stability in the physical market in Brazil, with producers keeping their focus on planting
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The Brazilian soybean market showed few changes this Wednesday (26). According to analyst Rafael Silveira from consultancy Safras & Mercado, it was a day with few news, with occasional offers in a nominal market. The CBOT registered a slight increase, but the drop in the dollar limited major variations in the domestic market. Premiums remain negative for the new crop, while the producer keeps focus on planting, restricting the available supply. In the Brazilian physical market, prices remained virtually stable: In Chicago, soybean futures contracts closed with a slight increase on the Commodities Exchange (CBOT). With the Thanksgiving holiday approaching, investors sought better positioning. The resumption of Chinese purchases remained in the spotlight, with prospects of a higher pace in the coming days. China acquired at least 10 shipments of soybeans from the U.S., with shipments scheduled for January. President Donald Trump highlighted that relations with China are "extremely ...
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